Southeast Community Foundation
- Assets
- $52.3k
- Revenue
- $231.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Vernon, CA
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 47-5277176
Organization Overview
Southeast Community Foundation is located in Vernon, CA. The organization was established in 2018. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Southeast Community Foundation generated $231.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $179.4k during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTHEAST COMMUNITY FOUNDATION (SCF) IS A PRIVATE, INDEPENDENT FOUNDATION DEDICATED TO ADVANCING THE EDUCATION OF PROMISING STUDENTS WHO HAVE LIMITED FINANCIAL MEANS. SCF SUPPORTS EXCEPTIONAL STUDENTS FROM ELEMENTARY SCHOOL TO GRADUATE SCHOOL THROUGH SCHOLARSHIPS, GRANTS, DIRECT SERVICE, AND KNOWLEDGE CREATION AND DISSEMINATION.SCF IS DEDICATED TO ADVANCING THE EDUCATION OF PROMISING STUDENTS WHO HAVE FINANCIAL NEED. BY OFFERING SCHOLARSHIPS, IN-DEPTH ACADEMIC COUNSELING AND OTHER DIRECT SERVICES, SCF SEEKS TO HELP HIGH-PERFORMING, LOW-INCOME STUDENTS TO DEVELOP THEIR TALENTS AND EXCEL EDUCATIONALLY. SCHOLARS ARE SELECTED FROM A POOL USING SUCH FACTORS AS EXEMPLARY ACADEMIC ACHIEVEMENT, FINANCIAL NEED, GRIT, DETERMINATION AND SOCIAL COMMITMENT. IN ADDITION TO PROVIDING STUDENTS COUNSELING AND FINANCIAL SUPPORT FROM MIDDLE SCHOOL TO GRADUATE SCHOOL, SCF PROVIDES SIGNIFICANT GRANTS FOR NOTEWORTHY AND INNOVATIVE INITIATIVES THAT SUPPORT HIGH-PERFORMING, LOW-INCOME STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED A NO-COST TUTORING PROGRAM THAT PROVIDES TUTORING IN ENGLISH AND MATH FOR YOUTH GRADES K-12. THE PROGRAM OFFERS A FREE ASSESSMENT FOLLOWED TUTORING SESSIONS YEAR-ROUND, AFTER SCHOOL AND ON WEEKENDS.
ESTABLISHED A SCHOLARSHIP MERIT BASED SCHOLARSHIP FOR LOW-INCOME STUDENTS AND ESTABLISHED AN APPLICATION PROCESS FOR THE SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Coyne Chair | Trustee | 1 | $0 |
Gary Dartnall Secretary Of The Board | Trustee | 1 | $0 |
Barry Smith Director | Trustee | 1 | $0 |
Louis Wasson Director | Trustee | 1 | $0 |
Eddie Tafoya CEO | Officer | 40 | $63,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,694 |
| Related organizations | $0 |
| Government grants | $153,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,285 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,750 |
| Compensation of current officers, directors, key employees. | $63,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $4,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $493 |
| Advertising and promotion | $1,710 |
| Office expenses | $4,701 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,109 |
| All other expenses | $2,336 |
| Total functional expenses | $179,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,285 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,056 |
| Total liabilities | $3,056 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $49,229 |
| Total liabilities and net assets/fund balances | $52,285 |